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paying e bill. and so i have a different approach. i believe 9 way to get the deficit down is to control the growth of mandatory spending programs and not raise taxes on the american people. you got a big difference there. >> mr. perot, one minute. >> we got to have a expanding job base to give is a growing expanded tax base. we have a deteriorating job base. we have got to really rebuild our job base. th's going to take mone for infrastur to do that. our competitors are doing that. we are not. we cannot pay off the $4 trillion debt, ance the debt and have the industries of the future, without the revenue. we will go through a period of shared sacrifice. there is one challenge. it has got to be fair. we have created a mess and don't have much to show for it and got to fix it. that's aboutall i casay in a minute. ay. the next question goes to president bush for a two-minute answer and it will be asked by sandy vanocur. >> mr. president, your secretary of the army this week said he had no plans to abide by a congressional mandate to cut u.s. forces in europe from 150 to $100,000 by the end
fought our way out of these deficits and the last 12 years when we have gone from 4 trillion dollars in debt to 16 trillion dollars today? >> i am glad you mentioned that number. it is going to cause a huge problem. if you have cancer you do not wait until it is over your whole body. get all of these things, really explain the problem, and hopefully we will get people to deal intelligently with the problem. your wife he ran on fiscal responsibility in washington, declining trust in government, in addition to nafta. the truth is we are much worse on all of those issues today than we were in 1992. gooif you look back at 1992, in part because of the world ross , they did several things. impose budget controls and taxes when they thought they were responsible. they did the right thing for the country. president bush 43 -- his term is over. whoever the next president is needs to change course, because if we do not, the problems of europe could have here. >> we are going to talk about some of these issues of 9-11 and the war and the health -- in the tax cuts of 1998, but let me take you ba
. the leaders of the spanish regions have agreed to a strict limit on their deficits for this year. spain's overall deficit is expected to be well above the european union target. germany prospered largest insurance company has gone public. >> is the highest initial public offering late germany in about one-and-a-half years. the chief executive officer has run in a new era for the company. they have made over half a billion euros. he says the money will be used for consolidation and he is not planning any new acquisitions in the next two years. that ipo could be a hopeful sign for shares in the coming months. our markets correspondent has more from frankfurt. >> the ipo is a sign of hope for many traders. they are hoping for more ipos to come. 20% of the german mobile phone operator will soon be sold on the stock market according to its parent company. of the ipo process is planned to start as early as this week. all of this is good news for people in the trading floors because ipos only work when there is a certain not of confidence on the markets. a certain amount of reliability. with a
an impact on solving the deficit and our debt picture in the 1990's? things improved >> i do not want to take credit for it, but i am pleased there is a breathing period where we are going in the right direction. now we have heard it around and it is going through the roof and is inexcusable. what is interesting is that hardly ever gets discussed, and in the papers, on the media, you would think this is front- page news. it is not. >> absolutely no question that his candidacy caused president clinton to make fiscal responsibility and much higher priority. no question. clinton will tell you that. people in his administration will tell you that. he made the difference even though he did not win. the polls will also tell you in july he was leading. in addition, the exit polls will tell you that the people who voted, if they thought they could have won, they would have voted for him and he would have won. much worse today than we were then, and people know it. >> do you think we're much worse today because he was not elected? >> we have lost our way. >> that is history. we're on the edge
these deficits. [laughter] and yet, that's the most important single issue of our time. i did support the '76 measure that he told about, because we were in a deep recession and we needed some stimulation. but i will say as a democrat, i was a real piker, mr. president. in 1979 we ran a $29 billion deficit all year. this administration seems to run that every morning. and the result is exactly what we see. this economy is starting to run downhill. housing is off. last report on new purchases, it's the lowest since 1982. growth is a little over 3% now. many people are predicting a recession. and the flow of imports into this country is swamping the american people. we've got to deal with this problem, and those of us who want to be your president should tell you now what we're going to do, so you can make a judgment. >> thank you very much. we must stop now. i want to give you time for your closing statements. it's indeed time for that from each of you. we will begin with president reagan. oh, i'm sorry, mr. reagan, you had your rebuttal, and i just cut you off because our time is going. you h
that time he has in fact voted several times to vouch erize medicare. i believe we can lower the deficit and debt, but we will not do it, we should not do it, we cannot do it at the expense of the important programs for seniors. >> welcome, everybody. thank you for coming out today. i want to give a big thanks to the missouri press association and giving me a chance to introduce myself to the misery and people. like many of you, i am tired of the constant fighting of republicans and democrats. beating the other team has become more informed than finding solutions to american's problems. america is on the verge of a financial collapse, and both parties are to blame with the reckless borrow, taxes and spend parties. for as long as i can remember, and most of you as well, republican and democrat politicians have offered up solutions, but america's problems have only gotten worse. higher and higher taxes. more intrusions in your business and personal life. enough is enough. i will stand up for your personal freedom. i will stand up for marriage equality, legalization of marijuana. i am fisca
of savings, being moderate in consumption, for a government is not to run a deficit. for a country, virtue is to have your balance of payments, if any not in deficit. now, the anglo-saxons are more accustomed to think in systemic terms what happens if each country is as virtuous as germany is? what happens to global demand then and so on and so forth? aren't these cultural aspect glz they are, indeed. >> but they determine everyday policy, if not politics. >> rose: when you look at th the-- has dealing with this crisis and having it on the front burner perhaps not ledo, you know, the end of the euro zone, as some people feared, certainly the membership in part of the euro zone, but may very well have given some momentum to monetary and fiscal and even political union? >> definitely. definitely. the man who found-- founded the concept of the european union in the late 40s and 50s, john monet. >> rose: a frchma >> said that the integration of europe will grow through crisis. and he was very right. also in that respect. because you see, when we have a serious crisis like undoubtedly the euro
time. [laughter] on the deficit, it was, you know, deficit doesn't matter. and yeah and biology too a guy in missouri too. so the question to me is what happens the morning after the morning after the election if romney loses? the morning after they'll say it wasn't because he wasn't far night enough. i wonder the morning after the morning after. a lot of people say we have gone too far to the right. we need a different republican party. we need a center right republican party. i think the country needs. because it needs to be a check on the left and the center left, and it's the only way we're going get big comprises on the big issues. >> can i add, i mean, a little history can clinton and rage. the second term was the productive term. the big achievement. it's hard no know whether the republican party will -- where they will push the blame if that happens. but the question is how they decide to spend the next four years. and i think it's very hard to tell. but there is some hope in looking back at both clinton and reagan. >> reagan was considered a far-right lunatic running a far
have started looking over. we got current account deficit and that taps at 3.9%. was at about 4.5%. in the quarter gone by, there was a surplus of close to about $5 billion. and we just got the august trade data out, as well. imported out about 5.1%. and august trade data is more or less in line. on that note, it's back to you again. >> all right. thanks for that. gold a bit of a boost in the run up to qe being launched since -- >> yeah, consolidating. i guess we've seen a pretty positive correlation between qe and pursuing months. so i think we'll see it push higher. as we see the race to the base, it can only be good for the gold price and obviously an even more interesting place, the gold miners. >> i just want to point out this tie isn't because i'm long gold. it's actually because i'm supposed to be matching, see that, this is the -- >> you need to be in a blue tie. >> there's some yellow in there, fwr greg. should have worn a yellow shirt. >> next time. >> not that you should take any fashion advice for me. so what about the reaction to that chinese data? li has the detail
will try to use the lame duck session to reach a comprehend len sif deal to cut the deficit instead of a short term solution. lawmakers will reportedly agree on a specific target likely around $4 trillion over ten years and they would vote to put off the automatic tax hikes and spending cuts set to take effect in january. but with the deficit coming down payment to signal how serious they are. jim, how sdw this get resolved? >> well, i haven't heard that sister, but that's what we've been picking up, that in the background of all these guys working on the deal already. soon after the election, our best guess is that there will be one. not too different from that story actually. >> qe-3 meanwhile, how does that play? does that continue to support lift asset prices? how do commodities get in the wash between slowing chinese growth and fed action? >> that's a good question. because i think it's a big one. i think we're not three weeks into qe-3 yet and the populous mind set of the markets is that we're done qe-3, let's move on to whatever's next. qe-3 is in my opinion very different fr
about reducing the federal deficit? >> it was the starting point and there were a lot of good ideas in that particular commission. what we really stuck with -- ultimately, you have to put the whole thing into a budget to make it work. you have to balance those different elements and saywhat is a reasonable approach? it is all but what -- like what if -- it is a little bit what like families have to do. the budget has been set up for a vote and the budget has passed. was the budget i would have written? no, it was not quite as conservative. it was still a reasonable approach that puts us back on track to recovery. those budgets, of course, go where? to the senate. what happens when we send bills to the senate? they die. the budget saw in the senate and died. -- sat in the senate and died. that is the reason i am running for the senate. the senate cannot get anything done. it is the fed's rule of law that we are supposed to have a budget every year. i do not think the debt ceiling increase and another 10%, the sequestration of defense, is not an excuse to do and what the law says. >>
's reduce the deficit in a way that does not stick it to middle class families. i have already worked republicans to cut one trillion dollars in spending and i'm willing to do more. i have a plan for a trillion deficit-reduction. we cannot cut our way to prosperity. we have to cut our tax code and ask the wealthiest households to pay higher taxes. to go back to the same rate when bill clinton was president. when we created 23 million new jobs and the biggest surplus and history, and a lot of millionaires to boot. in fairness, my opponent has a plan when it comes to taxes. but as president clinton said, it does not have an arithmetic. -- any arithmetic. they are selling the idea you could spend trillions of dollars on tax breaks for the wealthy. no matter how many times they try to rebuild their campaign, no matter how many times they try to tell you they're going to talk specifics, they do not do it. the reason is because the amount does not work -- the math does not work. they do not explain how tax cuts are going to be put on the table without raising taxes on now class families. th
at the deficit, everybody knows the problem with the deficit. who do we think is more likely to deal with the deficit? someone who has run it up over a trillion dollars every year he has been in office? is that too is going to do it to? or do we think governor romney, a businessman who is committed to fiscal responsibility is going to do it? who is going to do it to? if the barack obama is in the white house four years from now, he will have appointed one half of all federal judges and he will have changed the complexion of the added states supreme court for decades. can we stand that in this country? is that what we want to? no. foreign affairs. the president of the united states went to new york today, yesterday. other presidents have gone to meet with world leaders to sit down with the israelis and other allies, people who he needs to understand. and interesting article this morning about his failure to do that. he went to new york not to meet with world leaders, he is on "the view." [booing] what a sense of priorities. he said after our ambassador was killed, after we look at the
in this format is a huge deficit, and they kept winning matches and they really seemed if one was ahead, another one would get ahead and they fed on each other and the next thing it was a tied match going into the end and the europeans pulled it off. >> the crowd must have been stunned. >> yeah, it was ryder cup crowds, they're really like nothing else in golf because fans act like fans at every other sporting event. they cheer very loudly. there was a strong european contention. on sunday definitely the strategy by the europeans was to take the crowd out of it. they got up early. they sent out their best players. they sent out luke donald. they sent out justin rose. they sent out rory mcilroye. they quieted the crowd in chicago and that's why they were able to win. >> tiger woods has been getting a lot of blame by the media here in the u.s. does he deserve it, do you think? >> i mean, over the course of its career, the ryder cup has been a place where he's not performed to the level he has in other spots. i do think that the format of the ryder cup is different. i mean, you look at the way peop
democrat bonn the president's deficit reduction committee with alan simpson and pretty good and we should point out he is there too but the president ignored a lot of his -- [talking over each other] >> he is seen as a guy who can bring democrats and republicans like him. the other guy out there whose name is bounced around and bounced around for four years is the ceo of black rock. i consider him a friend. the upside to larry is clearly there is no smarter guy on wall street that i know. he saw between trading and an entrepreneur. and associated -- the obama administration -- there's a european financial crisis, he understands financial instruments, and erskine bowles is a different dynamic. really going to do that. you want to make a deal with republicans and he is the guy to do it but larry as different depending on how you approach it. the wall street firms are going around. with larry taking the job, and natural successor at black rock. i just -- maybe he does. melissa: such a massive pay cut. [talking over each other] charlie: erskine bowles is no stranger to wall street. melissa: t
deficit to talk about as well. we are running at 11% of average rainfall, adding to that fire danger. temperatures will stay pretty warm this evening and overnight tonight. but after tomorrow, there is a significant weather change. we're going to other direction. >>> prosecutors say gisele esteban killed leigh out of jealousy for a boyfriend. >>> a judge has suspended court proceedings for the man accused of carrying out a mass shooting in oakland. 43-year-old one goh's lawyer is questioning his mental capacity to stand trial. the judge ordered two psychiatrists to examine goh and report their findings in court next month. goh is accused of killing seven people at oikos university in april. >>> an albany middle schoolteacher who had been accused of lewd acts with a former student has died. james izumizaki was a popular sixth grade teacher. he was arrested last wednesday after police received a complaint and posted bail. the alameda county sheriff's office is investigating the death as a suicide. >>> most of us know a water reservoir that supplies the bay area with clean water and ene
is telling france hey, you got to get that budget deficit under control, big budget deficit is verboten the socialist president of france, francois hollande, tax the rich, not so rich, capital gains, profits, you name it, there will be a big new tax. on upper end of income every dollar over a certain level the french government will take 75 cents. rip it right out of your hand. 75 cents on the dollar. more than $200,000, they take 45 cents on the dollar, almost half. bill, this is a massive gamble because france's economy is dead flat, teetering on recession. 10-year high for unemployment and france puts in place huge tax increases. bill: i'm reading the two measures bringing around half a billion euros. >> that's it. >> what will that do for them? >> not much. there are other taxes as well which will bring in a total they think of 20 billion euros. bill: higher tax rates on dividends? >> dividends, capital gains, dividends, profits, reinvestment of capital, interest you name it. bill: here is a query for you. are they cutting spending at all? >> by about $10 billion euros. $20 billion
the debt and the deficit, who would cut the deficit, and so we heard mitt romney saying earlier this morning that the national debt stands at $16 trillion. right now if president obama gets four more years, he predicted the national debt would skyrocket to $20 trillion. he is putting that message out there. i had a chance to talk to mitt romney about some of this yesterday and suzanne, he did not seem concerned about this. he came to talk to us on his campaign plane yesterday saying that the obama campaign is basically trying to strike the football on the 30 yard line, there's still plenty of time left, and there is some truth to that. rick santorum and some of the midwestern states for a brief period, and then he was able to close the gap. mitt romney is a good closer. it will be interesting to watch these polls as the days going g on as we get to the debates that are coming up. they'll be critical. >> i'll have to beef up on my sports analogies as well. thank you, jim. good to see you. >>> a reminder we'll be dipping to both president obama and mitt romney's events here in ohi
face. too many countries face falling investment, rising food prices, and bigger trade deficits. it is completely wrong to suggest that the arab spring has somehow created these problems. it is a challenging time for the world economy as a whole. there was never going to be an economic transformation overnights. a far from being successful, open market-based economies, many of these countries were be set by the vested interests, corruption, and unaccountable institutions. and this created a double problem. and not just a fragile economies, but worse, people who were told they had experienced free enterprise and open markets when they had experienced nothing of the sort. we must help these countries on wind of this legacy of corruption, military expenditure they cannot afford, natural resources unfairly exploited, and what they suffered under for too long. while on the subject of stolen assets, we also have a responsibility to help these countries get back the stolen assets that are rightfully theirs, just as we returned and billions of dollars of assets to libya. it is simply no
said four years ago. he will bring the deficit down. he didn't. he doubled it. he is going to get more people working. he didn't. we still have over 8 percent unemployment. his plan is another stimulus. how did that first one go? how about $800 billion. how much did you get? it was "cash for clunkers", did you get help from that? no, no, his idea now, he has one new idea. i admit he has one thing he did not do in the first four years, he said he will do it in the next four years, which is to raise taxes. is there anyone who thinks that raising taxes will help grow the economy? no, his plan is continue what he has done before. status quo has not worked. we cannot afford four more years of president obama of the we will not have four more years of president obama. his plan and his approach says fundamentally that government knows better than you how to live your life, how to pick winners and losers, how to choose companies that can be successful and products that have a future. that a group of bureaucrats, real smart people, working hard -- they are good people who work in washington --
dollar deficit we'll not spend federal fund to subsidize a couples making over $100,000 a year. melissa: why should have charity for anyone in that case? i wonder who is the government official that decides at what point do we draw the line and say, this person deserves it, even though they didn't pay into it, at that level beyond that date and this next very first person does not deserve it and that's where the cuttoff is? i have the problem with someone in washington making that decision for any family. >> well, of course that is the problem with government intervention is that it is very blunt. it is very broad. the government doesn't do a very good job of handling many things. melissa: no. >> but at the same time, you have to draw a line somewhere and say look, we're in a horrible fiscal situation. we've got to make cutbacks. imagine you've got two-income couple, a doctor and lawyer and the lawyer loses his job. well that is still a family with a six figure income there. why should we be taxing all americans to send them benefits? i mean --. melissa: i don't know, james. i don't wan
with former presidential candidate ross perot. he talks about the status of the economy, the deficit and debt, and how it has changed since his campaigns in 1992 and 1996. here's a portion of that interview. >> you established a third party. he ran twice. you established -- what was it? united we stand and then the reform party. do you think there is something wrong with the two-party system that has gotten, as we have seen, more acrimonious? >> it is almost impossible to do it. it would be a healthy thing if you could get it done and make it happen. they know they are going to be butchered from day one for what they have done. >> "usa today's" richard wolfe talks with ross perot. and to confine his article on monday in "usa today." >> my opponent and his running mate are big believers in top down economics. they basically think that if we spend another $5 trillion on tax cuts that favor the very wealthy -- [audience boos] don't boo. vote. vote. vote. >> he has one new idea. he has one thing he did not do in his first four years, which he says he will do in his next four years, which is raise
is liberal to cut spending? i think is liberal to cut taxes when you are operating a deficit, because you are spending money. >> i do not think your labels mean a lot. what i have said from the beginning -- the centerpiece of our problems is the national debt. we simply have to look at this. whether we do it this year because of the way our economy is or next year, a two-door 0.3 trillion -- 2.3 doris trillion -- >> i want you to respond to this. >> i'm glad there is a clear contrast between the two of us. i do not believe we should raise taxes. i do not think the problem is that americans are not taxed enough. mr. sadler has been very candid that he would consider raising taxes on every single tax and who pays income tax is. >> that is not fair. >> if you would consider allowing all of the bush tax cuts to expire, that would raise taxes on every single tax and who pays income tax. are the texans to pay income taxes we would not raise taxes on? you did not have an answer. >> you will not put words in my mouth. i would say, the first place, we have to balance the budget, cut spending, and
is increase the size of the deficit. >> thanks. we do need to simplify the tax code. it is 72,000 pages long, and there is by patterson support to do that. -- bipartisan support to do that. we need to lower the corporate tax rate. we are at 35%, the highest among our trading partners. i is suggested over a year ago to lower it to 24%. we need to repeal the death tax. here in nebraska we have done that. we need to see that happen at the federal level as well. we need to repeal the alternative minimum tax. that is a tax that was set up to capture income from wealthier individuals, a parallel tax. instead we see that it is dipping down into the middle- class. now one in five people in the middle-class are paying that tax. yes, we need to close loopholes, and i can tell you just in my visits with senators that there is a consensus to move forward in a bipartisan manner to do that. >> senator? >> i agree with us. we passed i.r.s. reform that gave the agency a tremendous amount of power in dealing with the i.r.s. senator fisher has created a glass slipper with a constitutional amendment and a pled
. if obama gets elected, the of the large deficit among what -- among young white working-class waters -- workers. how do you keep them down on the farm? they said they need a vision of activist government. how can the republicans consolidate them? this is up for grabs. >> if obama wins, it is almost certain his nine college wide number will go down. it has been described as a victory 40 years later. there were not enough of them in 1972. now there are not. obama consistently runs better among working-class whites in the upper midwest than he does anywhere else. ohio, michigan, wisconsin, iowa, the numbers are a little better. 4445. part of that auto industry, and more union tradition. the big anomaly -- fewer of the white working class in the midwest are evangelical. >> the unemployment rates are very low. >> these are voters -- they are being buffeted by this economy. they have very little reason to feel a lot of loyalty. neither party has shown they can deliver positive economic results in their life. right now the default as republicans will not take my money and give it to people
a $16 trillion deficit for the future. we cannot have the greatest tax hike in american history. we must work to bring jobs back to america and we have to do it the right way. but the most important -- i'm sorry. >> shannon: we have to leave it there. we are out of time. vernon parker -- >> visit my web site. visit vernonparker.com. we stand for restoring the american dream. god bless you all. >> shannon: thank you. fair and balanced. in the next hour, we'll hear from vernon parker's opponent. and we will ask her about charges that she is too extreme to representative arizona. many of the justices attended a special mass here in washington today. coming up, we will take a look at the term ahead with the court set to way in on affirmative action, voting rights act and maybe even gay marriage. [ mother ] you can't leave the table till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8... to meet the needs of my growing business. but how am i going to fund it? and i hav
of mobility assisted equipment for beneficiaries with mobility deficits that impair their ability to accomplish activities of daily living within the home. this policy guides coverage for all mobility equipment from cains and crutches to walkers to manual wheelchairs all the way up to power wheelchairs. to make a decision about which device is appropriate cms national coverage policy recovers a systemic evaluation of the beneficiary by their treating physician in order to determine which item optimally meets the beneficiary's mobile needs. in addition to this cms national poll the dme macs have local coverage policy for power me built device. this local policy pulls together national policy requirements and organizes the nearly 60 individual power mobility codes into five groups of similar products. sets out the criteria for each group and explains the documentation requirements and coding guidelines. in other words, the local policy takes coverage of payment information from various sources adds additional necessary details for proper claim submission and incorporates those into
't going to help, it's only going to make it more difficult to meet deficit targets. it's only going to make it more difficult to work down that debt to gdp ratio when the denominator is also shrinking. >>> while we focus on spain and yields rising, we do have the result of this italian tea bill auction. the six-month bill auction, the yield, 1.503%. it was 1.58% at the end of august, the lowest since march. there is a contrast here between what is happening with italian auctions and spanish auction. we saw earlier this week, the spanish bill auction yields up since august. they continued to fall. they are still going lower in italy. once again, maybe the market price differently in italy and spain. >> even though italy has key elections coming up next year, we're hearing some rhetoric as to whether or not he's going to run. of course he didn't run last time, but nevertheless, here's someone who -- the potential for this event and to mark an uncertainty. italy still viewed more favorably. >> i didn't see if they rais raised -- did you see the amount? >> looks like they went for a nin
it is the president's own deficit and debt commission recommended something similar on tax reform, bringing down all the tax rates, expanding the base and eliminating tax credits and tax loopholes. dagen: ronald reagan, he did it. and then congress messed it up. bret, it was great to talk to you as always. thank you very much. please everybody -- well i know you all watch bret at 6:00 p.m. eastern on the fox news channel every night. if you don't, well, there you have it. you know what you will see tonight and every night. thanks bret. >> thanks. connell: hillary clinton, with some comments with higher taxes on rich people around the world, not just here, everywhere. we will talk to the judge andrew napolitano and get his thoughts on that. dagen: do you want to take a look at the treasury markets too? connell: i guess. dagen: we did a whole segment on treasury yields. here you go. connell: time now for your fox business brief. take a look at shares of american greetings today, they have been surging. the company received a go private offer from a group led by a ceo. look at that 16%. the offer 17, 1
we can cut the deficit and champion small business. i think you have seen a good amount of policy from our campaign and i expect over the coming weeks you will be hearing more. >> and people obviously will be looking for specifics. for instance, i know i am not going to get you to talk about what specifically or how the romney administration would make up for lost revenue, but when it comes to questions like get asked a lot in business circles like the mortgage interest deduction, can we take that off the table or call it safe? >> i think what governor romney said is first of all he is not interested in raising taxes on anyone, particularly during this difficult economic time. i think particularly for middle income taxpayers there are priorities like a tax priority for homeownership that is quite important, but the reality is if you're going to get to tax reform, which we're committed to doing, you have to look at the entire scope of tax expenditures and that's something that we have said repeatedly. ultimately, this is about leadership and what candidate is going to lead america
, there is a commitment. we can get away from the deficit. this hurt those people who had committed most to us in the sense that, what is going on here? here is this guy who was a arrested with illegal weapons. what was he doing? this hurt the trust. we just uncovered -- recovered from that when we have the osama bin laden raid. i am convinced, as most people will look at the evidence are convinced, that the top leadership, military, intelligence, and civilians, did not know osama bin laden was in abbottabad. all of us were exhausted from staying up a whole night. it was a punch drunk meeting. the first thing they said was congratulations. they realize someone who they were against and wanted to see gone was gone. it was only a few days after that that they realize that the political price the military was paying that that became manifest, when public american commentators said you are either implicit or incompetent, it happen to be true. it put them very much on the spot. the response by those pakistanis who had committed to working with us, who had --mitted to the post in the summer of 20001
to national security. back then in 1988, democrats were in the middle of a 30-year, 35-point deficit when it came to voter trust on national security. that security gap began in the aftermath of the vietnam war and persisted very stubbornly until about 2008 when it closed up due mostly to republican mistakes. voters were tired of the iraq war, tired of the kind of blundering that they had perceived in the bush administration and decided that both parties, there was kind of a pox on both houses. what's been very interesting -- and third way has been partnering with our own polling and focus groups for the last seven years -- is that if you look at this slide, that's the security gap. if you extend it out to the left, it gets wide and absolutely consistent going all the way back to about 1972. but you could see where it closed up in '07-08 because of the iraq war, and now it's closed up again. and the interesting thing about that is it's at zero now because we have a president who has had an enormously successful first term when it comes to national security. when we did focus groups on thi
not the cause of our budget deficit. host: one more question from twitter. what social changes would you recommend for the security council, i would recommend indefinite veto powers. guest: the difficulty is as secretary hul statel in 1944 when of setting up the united nations, the united states would not stay in the united nations for a second about the veto power in the security council. it is the price of having great powers to agree to a universal body and be an organ for international peace and security. they have to defend their fundamental interest. it is simply the price. i do think that tweaking the membership of the security council to reflect the rise of a number of large powers is something that the security council is finally going to have to get serious about. permanent membership has not changed since 1945. big countries, particularly india but also brazil and others, remain outside. that is not an indefinite glidepath we can live with. host: thank you for your time. guest: thank you, greta. host: we will sit switch topics and discuss the legal challenge to the president's
and it is produced -- it has produced record-setting deficits and putting us in a path of greece and where much of europe are. the economy is teetering on the edge of recession. the were seen can do is jacked up taxes on small businesses and entrepreneurs or job creators. that makes it all the more likely to push us into a recession. and for the 23 million people who struggling for work, the worst thing to do is hurt the small businesses that create those jobs. >> it is fair to say that the president has reduced taxes. he has reduced taxes for small businesses 18 times. he cut taxes for '95 -- for 95% of families out there. the question is do we ask everybody to sacrifice? when you look at the marginal rate in the united states, when ronald reagan took office, the marginal office with 71% to 72%. it is interesting to me that the greatness that people speak of in terms of the united states, when we talk about the 1940's, the 1950's, the 1960's, 1970's, the marginal rate that folks paid was much greater. nobody says we will go back to that. at the same time, during the clinton years, we had margi
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